(VIANEWS) – USD/CNH (USDCNH) has been up by 1.67% for the last 10 sessions. At 04:06 EST on Wednesday, 7 February, USD/CNH (USDCNH) is $7.21.
USD/CNH’s yearly highs and lows, it’s 0.266% up from its 52-week low and 0.046% down from its 52-week high.
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- According to FXStreet on Monday, 5 February, "The combination of the sharp advance in the Greenback and higher yields lent legs to USD/JPY and bolstered a move to a new 2024 top in the 148.80/85 band on Monday. "
- According to FXStreet on Tuesday, 6 February, "The USD/JPY pair might then aim back to reclaim the 150.00 psychological mark with some intermediate resistance near the 149.60-149.70 region.", "A convincing break below the latter, however, might prompt aggressive technical selling and drag the USD/JPY pair below the 147.00 mark, towards the next relevant support near the 146.75-146.70 region. "
- According to FXStreet on Monday, 5 February, "This lifts the US Dollar (USD) to its highest level since December 11 and lends additional support to the USD/JPY pair.", "Furthermore, the broader risk sentiment should contribute to producing short-term trading opportunities around the USD/JPY pair on the first day of a new week."
- Usd/jpy hovers near weekly highs amid powell’s comments, US data. According to FXStreet on Tuesday, 6 February, "Though virtually unchanged, the USD/JPY trades near the week’s highs early during the North American session. ", "Hence, US Treasury bond yields skyrocketed, pulling the USD/JPY pair from around daily lows of 146.25 toward 148.50s, gaining more than 1.30% or 190 pips."
- Usd/jpy rises on strong US dollar, elevated US yields. According to FXStreet on Monday, 5 February, "The USD/JPY gained modestly late in the New York session, trading at around the 148.70s area, sponsored by the strong US Dollar and higher US Treasury bond yields. ", "The USD/JPY edged higher as the US 10-year Treasury note yield is soaring close to 14 basis points (bps), at 4.16%. "
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